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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%Nov 17 4:00 PM EST
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To: GROUND ZERO™ who wrote (15640)6/2/1999 5:24:00 PM
From: briskit  Read Replies (1) of 99985
 
That 1280 level was resistance in January and February, on three attempts, but was broken through to be first tested as support in March. A little over 2 months later we are testing it again. Until May 24 the 50 day EMA provided solid support. In March we actually broke the 1280 level to find the 50 EMA. We are 20 points below it today, but above 1280. Maybe that's the back up now to the 50 EMA.
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